7th Jan 2008 07:00
Balfour Beatty PLC07 January 2008 7 January 2008 BAA SELECTS BALFOUR BEATTY FOR £350 MILLION HEATHROW MIDFIELD PIER PROJECT Balfour Beatty, the international engineering, construction, services andinvestment group, announces today that it has been selected by BAA to deliverits Midfield Pier project at Heathrow Airport. Pre-construction work, comprising design, value management and constructionprogramme development, is already under way on a project which will complementthe new Heathrow East Terminal and which will be built in three phases. Schemedesign was completed at the end of last year, with construction work commencingin the spring of 2008. In the period 2008 to 2011, Phases 1 and 2 will beundertaken, comprising the Northern and Mid Sections. These phases of theproject, which will be worth approximately £350 million, will include a cut andcover tunnel which links Heathrow East with the Midfield Pier, passengertransfer travellators and cut and cover tunnels for a Track Transit System. A Remote Passenger Transfer Stand may also form part of the first two phases ofthe project, which are due for completion in 2012, and would be worthapproximately a further £78 million. In Phase 3, which would commence followingthe completion of the preceding work, a further Southern Section is due to bebuilt at a value of approaching £100 million. Commenting on the award today, Balfour Beatty Chief Executive, Ian Tyler, said: "Having achieved preferred supplier status for BAA's programme of complexbuilding works in the coming period, we are delighted to have secured theplanned work on the Midfield Pier project at Heathrow. "Our performance in delivering the rail systems element of Terminal 5 has beeninstrumental in the successful on-schedule handover of Terminal 5 to BAA on17 September." Balfour Beatty has worked closely with BAA over many years on a number of theirkey airport developments and, most recently, has been involved in the design,management and delivery of some £450 million of work at Heathrow Terminal 5. Thehandovers of the Piccadilly Line extension, the Heathrow Express extension, thenew Terminal 5 underground system and the inter-terminal track transit systemwere all achieved on time. This has provided an excellent platform for thecontinuation of the relationship into the next generation of BAA'sinfrastructure investments. ENDS Enquiries to:Tim SharpTel: 020 7216 6884www.balfourbeatty.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Balfour Beatty